Liberia

Liberia ranked No. 150 in total trade value through May with a total of $59.11 million. Exports totaled $34.7 million and Imports totaled $24.41 million, a surplus of $10.29 million.

U.S. trade with Liberia rose to $51.02 million through May

Liberia’s trade with the United States rose to $51.02 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 31.59 percent below its total trade during the same time period last year. U.S. exports to Liberia decreased 39.14 percent while U.S. imports from Liberia fell 14.67 percent. The U.S. surplus with Liberia was $11.75 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Virginia; No. 2 Port of Perth Amboy, N.J.; No. 3 Port of Houston; No. 4 Port of New York; and No. 5 Port of Savannah, Ga.. During the same period the previous year, the top five were No. 1 Port of Morgan City, La.; No. 2 Port of Virginia; No. 3 Port of Houston; No. 4 Port of Savannah, Ga. and No. 5 Port of New York. In the current time period, the top five accounted for 75.79 percent of Liberia’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Virginia fell 6.71 percent to $24.2 million.
    Exports fell 21.04 percent to $1.12 million. Imports fell 5.88 percent to $23.08 million.
  • Trade with No. 2 Port of Perth Amboy, N.J. totaled $8.83 million.
    Exports totaled $8.83 million. There were no imports.
  • Trade with No. 3 Port of Houston fell 18.72 percent to $5.45 million.
    Exports fell 18.72 percent to $5.45 million. Imports fell 26 percent to $3,150.
  • Trade with No. 4 Port of New York fell 9.61 percent to $3.69 million.
    Exports fell 9.56 percent to $3.69 million. There were no imports.
  • Trade with No. 5 Port of Savannah, Ga. fell 44.53 percent to $2.63 million.
    Exports fell 44.53 percent to $2.63 million. There were no imports.

Liberia ranked No. 150 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 152.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Liberia by value through May were the categories of Gasoline, other fuels; Passenger vehicles; Worn clothing, other worn textile articles; Wheat; and Parts for heavy machinery, respectively. They accounted for 53.56 percent of total exports to Liberia.

The value of the top five categories of U.S. imports from Liberia –– Rubber; Palm oil; Synthetic rubber, including butadiene; Medical instruments; and Wood, sawed or chipped, greater than 6 meters thic –– accounted for 99.51 percent of all inbound shipments.

Looking more closely at U.S. exports to Liberia:

  • Gasoline, other fuels rose 1766.55 percent compared to last year to $9.13 million.
  • Passenger vehicles rose 48.28 percent compared to last year to $2.92 million.
  • Worn clothing, other worn textile articles fell 34.17 percent compared to last year to $2.68 million.
  • Wheat fell 49.08 percent compared to last year to $2.04 million.
  • Parts for heavy machinery fell 64.05 percent compared to last year to $1.83 million.

Looking more closely at U.S. imports from Liberia:

  • Rubber fell 7.3 percent compared to last year to $23.82 million.
  • Palm oil rose 39.07 percent compared to last year to $245,000.
  • Synthetic rubber, including butadiene totaled $129,517. The previous year, there were no imports in this category.
  • Medical instruments rose 1239.76 percent compared to last year to $50,000.
  • Wood, sawed or chipped, greater than 6 meters thic rose 2.57 percent compared to last year to $47,481.

In the latest annual figures available, Liberia recorded $180.76 million in trade with the United States. Total U.S. exports to Liberia were $ 113.84 million and imports from Liberia were $66.92 million. The U.S. surplus with Liberia was $46.92 million.